Freight Bills

 

 

 

 

 

 

 

 

 

 

Our customers tell us that our combination
of low rates and exceptional service makes
us the best choice in the trucking industry
for factoring services.


With over 100 years combined experience
in factoring for the trucking industry,
we understand that you must pay fuel,
payroll and other expenses on a daily
or weekly basis while waiting 30 to 60
for payment from their customers.
Given the ever increasing operating costs,
many truckers find themselves without
enough cash to fund growth opportunities.

 

Factoring your freight bills through us 
will provide immediate cash flow
for
your freight invoices, giving your company
cash for operating expenses.
Once established as a client you
will receive payment within 12-24 hours! 
We serve Owner/Operators and small
to medium sized fleets. 

        

One of the biggest advantages of factoring
your accounts receivable is that you are
able to take on more work and
better paying loads. 
Have you had to settle for low paying
loads in order to get paid within a
couple of weeks? 
Factoring allows
you to take better paying accounts
without having to worry about
how fast they pay.

    

We have  no minimum dollar
amount for each invoice. 
You may
factor all of your accounts or you may
choose to factor only a few.  In other
words, you can customize your own account!

   

Fast and Easy Setup, Set up your
account in 3 to 5  working days

More Benefits
-Advances are made via wire or direct
 deposit into your bank or fuel account

-Funding within 12-24 hours

-Free & Quick credit checks for
 prospective customers

-No minimum invoice fees.

-No Long Term Contracts

-No Check Clearance Days

-Low factoring fees

-High advances 90% to 97%

-You select the accounts to factor

-24/7 Online account management tools

 

You have access to your account information around the clock. Our online
services let you view your reports and
collection activity updated daily.
You can even printout an entire
customer list on our online system. 
These are just some of the ways we are
committed to helping your
trucking company run smoothly.

 

Credit Expertise
With our
truck factoring company you
have access to trucking industry credit
experts at your fingertips.  We share
our expertise with you at no cost to
minimize your chances of hauling for a poor or uncollectable customer. 

We understand timing is everything
when it comes to securing new loads.
You may chose to call, fax or email
our office with a credit request
and you will receive a timely response. 
We approve all types of customers
including brokers, shippers, haulers
and manufacturing companies nationwide.

Some Factoring Companies require your customers to be on their approved list. If the customer is not on the list the factor or doesn't have published credit the customer is denied. We will research new customers
by checking both bank & trade references.

Full Truck Factoring administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!

Get Your Cash Today

Call our trucking specialists at

 1-866-593-2205 or

Email Us

or complete the

OnLine Truck Factoring Request Form

 

More About Freight Bill factoring


Freight bills factoring is really easy to do and set up. And more importantly, once you set it up, it can provide you with ongoing continuous funding. This enables you to turn invoices into cash almost immediately, and use the money to grow your company.

Growing your trucking company does not have to be a financial challenge. Freight bills factoring can help you finance your way to success.

opposed to bank loans, freight bills factoring has no arbitrary high limits. You can factor as many freight bills as you can generate. So, as your company grows, so does your financing.

freight bills Factoring is a great tool to finance growing trucking companies that need money to grow. It allows you to take on new opportunities to drive your company to the next level.


The biggest cash flow challenge that trucking company owners have is waiting up to 60 days to get paid for their freight bills. Slow paying clients can limit your cash flow and potentially drive you out of business.

Fortunately, trucking companies have a great financing option that is easy to qualify for. It is called freight bill factoring. Freight bills factoring provides you with immediate money for your freight bills and eliminates having to wait to get paid by your clients. It provides you with the necessary funds to repair your trucks, pay your drivers and keep up with fuel expenses.
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Here is how freight bills factoring works:

1. You submit a copy of your freight bills to the factoring company

2. The factor advances you between 90% to 98% of your freight bills (sometimes they hold a small reserve)

3. Your get immediate use of the funds. The factor waits to get paid.

4. If the factor held a reserve, the reserve is rebated as soon as your customer pays the freight bill
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Factoring costs are driven by three variables: a) monthly financed volume, b) your customer credit worthiness and, c) how long the freight bills goes unpaid. As a rule of thumb, rates go between 1.6% to 3% per month, depending on these variables.

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